Dana Investment Advisors Inc. Has $604,000 Holdings in KKR & Co. Inc. (NYSE:KKR)

Dana Investment Advisors Inc. cut its stake in KKR & Co. Inc. (NYSE:KKR) by 9.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,081 shares of the asset manager’s stock after selling 412 shares during the quarter. Dana Investment Advisors Inc.’s holdings in KKR & Co. Inc. were worth $604,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KKR. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. in the 4th quarter worth $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. in the 4th quarter worth $30,000. Truvestments Capital LLC acquired a new position in KKR & Co. Inc. in the 3rd quarter worth $40,000. Bank of New Hampshire acquired a new position in KKR & Co. Inc. in the 4th quarter worth $45,000. Finally, Farmers & Merchants Investments Inc. boosted its stake in KKR & Co. Inc. by 17.8% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after purchasing an additional 65 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods reduced their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group increased their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price objective for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Finally, Oppenheimer increased their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Trading Down 0.6 %

Shares of NYSE:KKR opened at $115.39 on Monday. The company has a market capitalization of $102.49 billion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The company has a 50-day simple moving average of $145.94 and a 200 day simple moving average of $142.18.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.61%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.